What does it mean if you get a big refund check every year?
What is your marginal tax rate?
Under the Federal Insurance Contributions Act (FICA), what percent of your earned income must be paid into Social Security, and what percent into Medicare?
How much of FICA does your employer pay? How does this change if you are self-employed?
When in the year do those who are self-employed have to pay estimated taxes?
What does your W-2 tell you?
What is your adjusted gross income?
What is the alternative minimum tax?
What should you do to be prepared in case you are audited?
Feb 22
read Chapter 3
complete concept checks
define terms on p. 83
complete "From the pages of ... Kiplinger's Personal Fianance" questions
all late work due
extra credit journal entry due
Today's assignment:
Go to http://money.cnn.com/magazines/moneymag/money101/lesson18/
Answer the following questions and email them to amdahl-masona@nclack.k12.or.us or ameena80@gmail.com.
Feb 22